Can I retire at age 57 with 11,700,000?

Use the below retirement simulation to view the chances of a successful retirement.
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $11,700,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.6%
1 years$966,175$957,569$949,172$940,977$932,974$926,706
2 years$478,304$469,397$460,763$452,393$444,274$437,952
3 years$315,702$306,756$298,144$289,852$281,865$275,686
4 years$234,417$225,498$216,973$208,822$201,029$195,039
5 years$185,659$176,793$168,380$160,396$152,819$147,037
6 years$153,164$144,365$136,076$128,270$120,920$115,353
7 years$129,962$121,237$113,080$105,458$98,341$92,991
8 years$112,569$103,923$95,901$88,466$81,583$76,451
9 years$99,048$90,484$82,599$75,353$68,705$63,789
10 years$88,237$79,757$72,012$64,955$58,540$53,838
11 years$79,398$71,003$63,398$56,530$50,346$45,855
12 years$72,038$63,728$56,264$49,585$43,629$39,344
13 years$65,814$57,592$50,268$43,776$38,045$33,963
14 years$60,484$52,349$45,166$38,859$33,350$29,465
15 years$55,870$47,822$40,779$34,656$29,364$25,671
16 years$51,835$43,876$36,972$31,030$25,952$22,445
17 years$48,280$40,408$33,643$27,881$23,011$19,685
18 years$45,122$37,339$30,712$25,126$20,460$17,310
19 years$42,301$34,605$28,115$22,704$18,237$15,255
20 years$39,765$32,157$25,803$20,562$16,289$13,471
21 years$37,473$29,953$23,734$18,662$14,577$11,915
22 years$35,392$27,960$21,874$16,968$13,066$10,555
23 years$33,495$26,150$20,197$15,453$11,729$9,362
24 years$31,759$24,501$18,679$14,094$10,542$8,314
25 years$30,164$22,993$17,300$12,871$9,487$7,390
26 years$28,695$21,610$16,045$11,769$8,545$6,575
27 years$27,336$20,337$14,899$10,772$7,704$5,855
28 years$26,077$19,164$13,851$9,870$6,952$5,217
29 years$24,906$18,079$12,889$9,051$6,277$4,651
30 years$23,816$17,074$12,006$8,306$5,672$4,149
31 years$22,798$16,140$11,193$7,629$5,128$3,703
32 years$21,846$15,272$10,443$7,011$4,638$3,306
33 years$20,953$14,463$9,751$6,447$4,198$2,953
34 years$20,114$13,707$9,111$5,932$3,801$2,638
35 years$19,326$13,001$8,518$5,461$3,442$2,358
36 years$18,582$12,340$7,968$5,029$3,119$2,108
37 years$17,881$11,720$7,458$4,634$2,827$1,885
38 years$17,218$11,138$6,984$4,271$2,563$1,686
39 years$16,590$10,592$6,543$3,938$2,324$1,509
40 years$15,996$10,077$6,133$3,632$2,108$1,350
41 years$15,432$9,592$5,751$3,351$1,912$1,208
42 years$14,896$9,135$5,395$3,093$1,735$1,081
43 years$14,386$8,704$5,062$2,855$1,575$968
44 years$13,901$8,297$4,752$2,636$1,430$866
45 years$13,439$7,912$4,462$2,435$1,298$776
46 years$12,998$7,548$4,190$2,249$1,178$694
47 years$12,578$7,203$3,937$2,078$1,070$622
48 years$12,176$6,876$3,700$1,920$972$557
49 years$11,791$6,566$3,477$1,774$883$499
50 years$11,423$6,272$3,269$1,640$802$447

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $11,700,000, adding $6,146 every year, while hoping to spend $30,818 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 41/31/28 Blend
56$11,700,000$11,700,000$11,700,000$11,700,000
57$12,899,740$12,279,640$12,098,290$13,322,159
58$14,182,723$12,848,552$12,470,792$14,197,233
59$15,595,538$13,444,308$12,854,741$15,140,481
60$17,151,394$14,068,191$13,250,486$16,160,920
61$18,864,849$14,721,544$13,658,390$17,265,669
62$20,751,942$15,405,779$14,078,825$18,462,543
63$22,830,350$16,122,372$14,512,175$19,760,118
64$25,119,549$16,872,872$14,958,837$21,167,814
65$27,641,003$17,658,902$15,419,217$22,695,974
66$30,418,361$18,482,164$15,893,737$24,355,959
67$33,477,686$19,344,442$16,382,829$26,160,249
68$36,847,697$20,247,607$16,886,941$28,122,557
69$40,560,041$21,193,618$17,406,532$30,257,955
70$44,649,591$22,184,531$17,942,076$32,583,002
71$49,154,776$23,222,500$18,494,063$35,115,905
72$54,117,944$24,309,784$19,062,995$37,876,678
73$59,585,761$25,448,750$19,649,392$40,887,325
74$65,609,651$26,641,880$20,253,789$44,172,042
75$72,246,280$27,891,778$20,876,736$47,757,440
76$79,558,096$29,201,170$21,518,802$51,672,783
77$87,613,913$30,572,918$22,180,573$55,950,264
78$96,489,560$32,010,020$22,862,650$60,625,293
79$106,268,603$33,515,618$23,565,657$65,736,829
80$117,043,127$35,093,010$24,290,233$71,327,736
81$128,914,609$36,745,651$25,037,039$77,445,178
82$141,994,875$38,477,163$25,806,755$84,141,054
83$156,407,153$40,291,345$26,600,082$91,472,481
84$172,287,241$42,192,179$27,417,743$99,502,318
85$189,784,784$44,183,841$28,260,483$108,299,752
86$209,064,691$46,270,708$29,129,067$117,940,937
87$230,308,686$48,457,370$30,024,288$128,509,702
88$253,717,031$50,748,639$30,946,960$140,098,330
89$279,510,407$53,149,561$31,897,922$152,808,412
90$307,932,006$55,665,427$32,878,040$166,751,800
91$339,249,822$58,301,784$33,888,206$182,051,639
92$373,759,180$61,064,449$34,929,337$198,843,521
93$411,785,529$63,959,518$36,002,382$217,276,748
94$453,687,506$66,993,389$37,108,316$237,515,722
95$499,860,331$70,172,764$38,248,143$259,741,481
96$550,739,529$73,504,674$39,422,901$284,153,392
97$606,805,050$76,996,492$40,633,657$310,971,011
98$668,585,791$80,655,946$41,881,510$340,436,138
99$736,664,597$84,491,142$43,167,596$372,815,076
100$811,683,757$88,510,580$44,493,082$408,401,127